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Almagro Capital Tripled its Property Portfolio in 2019 but Doubled its Losses

The Socimi, which specialises in the purchase and subsequent rental of homes for the elderly, lost €805,238 in 2019, despite multiplying its property portfolio by 3, in the midst of its business expansion.

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Luis de Ulíbarri, President of Almagro Capital.

The Socimi, which specialises in the purchase and subsequent rental of homes for the elderly, lost €805,238 in 2019, despite multiplying its property portfolio by 3, in the midst of its business expansion.

Almagro closed 31 December 2019 with a portfolio spanning more than 8,300 square metres, corresponding to 58 properties in the city of Madrid. That figure represents an increase of 310% compared to the end of the previous year.

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